Must-know: Lone Pine Capital’s 2Q14 13F

Overview: Lone Pine Capital's 2Q14 positions (Part 1 of 8)

Lone Pine Capital’s 2Q14 13F

Stephen Mandel’s Lone Pine Capital is based in Greenwich, Connecticut. Lone Pine filed its 13F last month. The size of Lone Pine’s U.S. long portfolio saw a slight increase from $23 billion in 1Q14 to $24.7 billion in 2Q14. The table below outlines the main positions the fund traded during the quarter.

The fund’s new positions included Comcast (CMCSA), Canadian Pacific Railway (CP), Williams Companies Inc. (WMB), and Under Armour Inc. (UA). Top positions sold were Monsanto Co. (or MON), Qualcomm Inc. (QCOM), and Wyndham Worldwide (or WYN). Other notable exits during the quarter were B/E Aerospace Inc. (or BEAV) and Endo International Plc (or ENDP).

Lone Pine added to its positions in Priceline Group (or PCLN), Baidu (or BIDU), Adobe Systems (or ADBE), MasterCard Inc. (or MA), and McGraw Hill Financial (or MHFI). Top position decreases were ICICI Bank (or IBN), Liberty Global (or LBYTK), and Dollar General (or DG).

Continue to Part 2

Browse this series on Market Realist:

• Part 2 - Why Lone Pine adds new position in Comcast

• Part 3 - Why Lone Pine starts new position in Canadian Pacific Railway

• Part 4 - Why Lone Pine opens new position in Williams Companies